Market Research Logo

Global Physical Security Information Management (PSIM) Market 2019-2023

Global Physical Security Information Management (PSIM) Market 2019-2023

About this market

Enterprises need to comply with certain government regulations such as HIPAA. GDPR, the Sarbanes-Oxley (SOX) Act, GLBA, PCI DSS, and the International Organization for Standardization (ISO) 17799. Thus, PSIM solutions play a major part in assisting enterprises to comply with the regulatory requirements. PSIM solutions can support enterprises to comply with the regulations as mandated by HIPAA. PSIM directly supports the SOX requirements for policy enforcement, fraud reduction, compliance auditing, and risk assessment. By streamlining the management of access rights and user identities, automating the enforcement of the segregation of duties and policies, and automating time-consuming reports and audits, PSIM solutions help enterprises in establishing strong security policies across the enterprise and simultaneously reduce the overall cost of compliance. Technavio’s analysts have predicted that the physical security information management (PSIM) market will register a CAGR of over 18% by 2023.

Market Overview

Emergence of smart cities

Smart cities must address the issue of public safety and mitigate crime holistically to provide a high quality of life to the people. PSIM solutions enable the efficient use of resources to ensure the safety and security of smart city infrastructure, the safety of citizens, and promote a safe and secure city environment. Therefore, several smart cities are adopting advanced PSIM solutions.

Networking and connectivity issues in cloud-based PSIM

As the PSIM solutions depends on the availability and quality of the network connection. one of the major requirements for the efficient performance of cloud-based solutions is a strong and robust network connection. However, developing regions and some parts of the developed regions are still plagued with slow and inconsistent network connections. The unavailability of proper network connections will result in cloud-based PSI M services and applications being unprotected and prone to cyber-attacks.

For the detailed list of factors that will drive and challenge the growth of the physical security information management (PSIM) market during the 2019-2023, view our report.

Competitive Landscape

The physical security information management (PSIM) market appears to be fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Physical Security Information Management (PSIM) Market 2019-2023

Technavio recognizes the following companies as the key players in the global physical security information management (PSIM) market: CNL Software, HEXAGON, Johnson Controls, NEC Corporation, Vidsys, Inc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the integration of loT in physical security.”

According to the report, one of the major drivers for this market is the need to mitigate criminal activities and terrorist attacks.

Further, the report states that one of the major factors hindering the growth of this market is the system integration and interoperability issues.

Companies Mentioned

CNL Software
HEXAGON
Johnson Controls
NEC Corporation
Vidsys
Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global information technology (IT) spending market
      • Table Segments of global information technology (IT) spending market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Services - Market size and forecast 2018-2023
      • Table Services - Market size and forecast 2018-2023 ($ millions)
      • Table Services - Year-over-year growth 2019-2023 (%)
    • Software - Market size and forecast 2018-2023
      • Table Software - Market size and forecast 2018-2023 ($ millions)
      • Table Software - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Power, energy, and utility - Market size and forecast 2018- 2023
      • Table Power, energy, and utility - Market size and forecast 2018-2023 ($ millions)
      • Table Power, energy, and utility - Year-over-year growth 2019-2023 (%)
    • Transportation - Market size and forecast 2018-2023
      • Table Transportation - Market size and forecast 2018-2023 ($ millions)
      • Table Transportation - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Government and defense - Market size and forecast 2018- 2023
      • Table Government and defense - Market size and forecast 2018-2023 ($ millions)
      • Table Government and defense - Year-over-year growth 2019-2023 (%)
    • Public surveillance - Market size and forecast 2018-2023
      • Table Public surveillance - Market size and forecast 2018-2023 ($ millions)
      • Table Public surveillance - Year-over-year growth 2019-2023 (%)
    • Other end-user - Market size and forecast 2018-2023
      • Table Other end-user - Market size and forecast 2018-2023 ($ millions)
      • Table Other end-user - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • CNL Software
      • Table CNL Software - Vendor overview
      • Table CNL Software - Business segments
      • Table CNL Software - Organizational developments
      • Table CNL Software - Key offerings
    • HEXAGON
      • Table HEXAGON - Vendor overview
      • Table HEXAGON - Business segments
      • Table HEXAGON - Organizational developments
      • Table HEXAGON - Geographic focus
      • Table HEXAGON - Segment focus
      • Table HEXAGON - Key offerings
    • Johnson Controls
      • Table Johnson Controls - Vendor overview
      • Table Johnson Controls - Business segments
      • Table Johnson Controls - Organizational developments
      • Table Johnson Controls - Geographic focus
      • Table Johnson Controls - Segment focus
      • Table Johnson Controls - Key offerings
    • NEC Corporation
      • Table NEC Corporation - Vendor overview
      • Table NEC Corporation - Business segments
      • Table NEC Corporation - Organizational developments
      • Table NEC Corporation - Geographic focus
      • Table NEC Corporation - Segment focus
      • Table NEC Corporation - Key offerings
    • Vidsys, Inc.
      • Table Vidsys, Inc. - Vendor overview
      • Table Vidsys, Inc. - Product segments
      • Table Vidsys, Inc. - Organizational developments
      • Table Vidsys, Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report